Share of Merchandise Imports at Current Purchasing Power Parities for El Salvador
CSHMCPSVA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.43
Year-over-Year Change
-23.27%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Merchandise Imports at Current Purchasing Power Parities for El Salvador' measures the relative value of El Salvador's merchandise imports compared to its total economic output. This metric is useful for analyzing El Salvador's trade dynamics and international competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks the proportion of El Salvador's total economic production that is accounted for by imported goods and services. It provides insight into the country's reliance on foreign trade and the role of imports in its domestic economy.
Methodology
The data is calculated by the World Bank using purchasing power parity exchange rates and national accounts data.
Historical Context
Policymakers and economists use this metric to assess El Salvador's trade balance, economic integration, and vulnerability to external shocks.
Key Facts
- El Salvador's merchandise imports accounted for over 50% of its GDP in 2021.
- The share of imports has increased by 10 percentage points over the past decade.
- Imports play a significant role in El Salvador's economy, reflecting its reliance on foreign trade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of El Salvador's total economic output that is accounted for by imported goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into El Salvador's trade dynamics, international competitiveness, and economic integration with the global market.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using purchasing power parity exchange rates and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess El Salvador's trade balance, vulnerability to external shocks, and the role of imports in its domestic economy.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be delays in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for El Salvador (CSHMCPSVA156NRUG), retrieved from FRED.